(New York) Western stock markets ended in the green for the most part on Monday, fueled by new indicators that give hope for an end to the monetary tightening cycle, pending decisions from central banks and a new burst of results
In New York, the Dow Jones rose 0.52%, its eleventh consecutive positive session, while the broad NASDAQ index gained 0.19% and the broad S
On the Old Continent, stock markets closed near balance, with Paris dropping 0.07%, while Frankfurt posted a slight gain of 0.08% and London gained 0.19%.
The US industrial PMI index came out better than expected in July, although in contraction, a positive signal for investors on US growth, which is slowing but moderately.
This publication allowed the European indices, which spent most of the session in the red, to recover.
Earlier in the day, PMI indicators in the eurozone, on the other hand, painted a less positive picture on the region’s growth, dragging government borrowing rates in the bond market down.
“It will be interesting to see how the PMIs will impact the ECB (European Central Bank) comments,” commented Nicolas Budin, Head of European Equity Management at Myria AM.
This slowdown in activity is fueling investor speculation around the evolution of the monetary policy of the ECB, which meets on Thursday.
The rate hikes made over the past year are going increasingly badly with certain fragile European economies.
In addition, investors are awaiting the results of companies, many in Europe and the United States throughout the week, in particular Microsoft and Alphabet, on Tuesday.
Mattel (1.84%) celebrated the whirlwind debut of the Barbie movie, which grossed $155 million in North America in its first weekend in theaters. Worldwide, revenues have already reached $337 million, according to the specialist site Box Office Mojo.
British online food retailer Ocado soared 14.26% in London after announcing the settlement of a legal dispute with Norwegian warehouse robotics specialist AutoStore.
British telephony group Vodafone meanwhile gained 4.08% after announcing on Monday a turnover down nearly 5% to 10.7 billion euros for its staggered first quarter, however defending the progress of its transformation plan.
The world number one in tourism TUI fell by 3.53% in Frankfurt after announcing on Sunday the suspension of all its passenger flights to the Greek island of Rhodes, where a forest fire has been raging for six days, a decision also taken by the British low-cost airline Jet2 (-4.10% in London). Also listed in London, EasyJet dropped 4.43%.
In Paris, ADP fell by 1.17%, Air France by 1%. In Frankfurt, Lufthansa lost 0.32%.
Swiss pharmaceutical giant Roche fell 0.40% in Zurich after announcing on Monday a partnership with the American Alnylam on a treatment for hypertension that allows it to strengthen in RNA interference technology.
Oil prices continued their rise on Monday, which began about a month ago, boosted by the prospect of a supply that is permanently below demand, accentuated by the shutdown of a refinery in Louisiana.
The price of a barrel of Brent North Sea oil for September delivery rose 2.05% to close at $82.74.
As for the barrel of American West Texas Intermediate (WTI) of the same maturity, it gained 2.16%, to 78.74 dollars. In session, the WTI reached 79.28 dollars, not far from the symbolic threshold of 80 dollars, which it has not crossed since mid-April.
Bitcoin was down 3.29% at $29,128.
